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Finlease

We organise hassle free finance solutions for Pleasure Boats and Charter Boats. Whether you’re after a new or used boat, or looking to upgrade an existing boat, we make the task of finding the most suitable finance solution a breeze.

More than finance brokers. We’re business builders.
We’ve been providing finance for business and individuals since 1989. Like many successful organisations, Finlease was founded on a dream. Our Founder Mark O’Donoghue noticed what was being offered by banks and the financial community and believed there was a better way.

In time, a team of like minded brokers came aboard, each highly skilled in specific areas of finance and fuelled by passion. Success breeds success and today Finlease has $350 million on loan annually. This gives us the financial muscle that helps us negotiate more effective finance solutions.

Solutions tailored to you.
As we grew, our clients grew too. At Finlease, we create finance tailored to suit specific businesses and industries. For instance, a finance solution that works for computers may not work for cranes, fleets need different solutions to boats. And just as your needs are different, so are we. Different from the banks and different from other brokers. We’re commercial finance specialists, we take the time to understand your business, visit your site or work environment. This better understanding leads to better results. So while we’re getting the finance, you can get on with business. So before we get to know you, this website will help you get to know us.

Three branches, many locations.
We’re a bit different to the banks. We have offices in Sydney, Melbourne and Brisbane, but we go much further than that. We’re quite prepared to come out and see how your business runs, to better understand how best to help you. Were prepared to get our hands dirty, so we can offer you a clean start.

Making boat finance a pleasure
Buying a boat? Finlease has become something of an expert in the area of boat loans, both power or sail, for pleasure or business. We’re also boat enthusiasts ourselves and understand how to finance a boat purchase. So whether you want a personal boat loan or a business/charter boat loan, we can search amongst our 20 lenders for the solution that’s right for you. Then we’ll process the application and manage the whole process to make marine finance easier, so you won’t be left waiting in queues.

How affordable could it be? Just click here to take a look at our boat finance calculator.

We’ll be your finance skippers.
Then when considering whether a particular boat loan is right for you, ask yourself how long you are likely to keep the boat? Will it be purely a pleasure boat, or could there be some business use? In evaluating one marine finance proposal over another, Finlease can make you aware of obligations like your minimum commitments, the boat loan’s security and any special conditions which apply.

How to drive a harder bargain.
Before you go out and start shopping for a boat, it’s worth obtaining a pre-approval for your boat loan. First complete an application, then you’ll be in a better bargaining positioning and can confidentially negotiate knowing that the boat finance is ready to go. We suggest first putting in place a loan for a ‘hypothetical’ boat, you’ll pay no application fees. Once your boat loan is approved, we'll manage settlement and payment to the supplier.

Also, don’t limit your options by securing your boat loan against real estate. If you are using your existing bank, make sure they have not ‘cross collateralised’ the loan against your home or other assets. With Finlease, in 99% of instances the boat should stand as its own security.

BOAT BUYER’S CHECKLIST
Here’s what lenders are looking for when approving a loan:

1.Your capacity to meet repayment based on your income.
2.For 100% finance you need to prove that you have 'tangible' net worth, i.e. equity in property or investments. Our financiers do not want a mortgage, but will simply want to feel comfortable that you have the ability to make good any shortfall between the second hand value of the boat and the amount owed.
3.A good credit history.
4.Stable employment and income
Complete a boat loan application now, without obligation, click here or phone 1800 358 658 to talk with one of our boat finance specialists.

oat loans that mix business with pleasure.
When you’re purchasing a boat for charter use, arranging boat finance is similar to the procedure for any other pleasure boat finance. Finlease makes boat loans easy, by handling every aspect of the application through to settlement process.

What’s more by leveraging our massive buying power with $350 million in loans written annually, Finlease can source boat finance at competitive rates from over 20 lenders. In 99% of cases, your boat stands alone as its own security, and we will not require real estate as collateral.

How charter boat finance is different.
If you’re considering a boat loan for a charter yacht which you may also have access to for occasional private use, Finlease can assist in your understanding of approriate structures. Laws have changed recently so it’s worth knowing the current situation including the negative gearing issue. Fortunately, Finlease has been tracking the changes to legislation over the years and is up-to-date. The Founder of Finlease Mark O’Donoghue was one of the driving forces behind the Charter Boat Industry Survival Campaign in 2002 and is an acknowledged industry expert.

Making pleasure a business.
We will give you a clear overview of what it takes to have an acceptable to the ATO charter boat business.

We are well versed in the Charter Boat Industry, and although we cannot provide formal advice, we can assist in the much needed understanding of this area. To learn more see The Charter Boat Overview

Obtaining a Boat Finance Approval
Here’s what lenders are looking for when approving a loan:

1.Your capacity to meet the repayments based on your income.
2.For 100% finance you need to prove that you have 'tangible' net worth, i.e. equity in property or investments. Our financiers do not want a mortgage, but will simply want to feel comfortable that you have the ability to make good any shortfall between the second hand value of the boat and the amount owed.
3.A good credit history.
4.Stable employment and income.
Complete a charter boat loan application now, without obligation, click here. Or phone 1800 358 658 to talk with one of our boat finance specialists.





Finlease




Web Link

http://www.finlease.com.au/



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